If the price of a good increases and the total revenue also increases, the good has a(n)

A) elastic demand.
B) inelastic demand.
C) unit elastic demand.
D) perfectly elastic demand.

Answer: B

Economics

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Outlet Malls Coach Handbags sells its purses through traditional department stores and specialty shops. But it sells discounted bags through "Coach Brand" shops at outlet malls. Why does it own the outlet mall stores but not the stores at the traditional department stores and specialty shops?

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